Cohere vs OpenAI

Cohere — Foundation Models · Private · $7B valuation · 5 of 5 figures sourced  |  OpenAI — Foundation Models · Private · $852B valuation · 5 of 5 figures sourced

Relationship

Both enterprise LLM APIs in Menlo's measured market; OpenAI holds 27% of spend — down from 50% in 2023 — while Cohere shares the 12% tail with Mistral and Meta's Llama.

4 of 9 capabilitiesShared product typeLarger scaleSourced competitorBuild on a hosted model API

4 of 9 capabilities — Shares agent orchestration, document extraction, text generation and 1 more.

Ludbee capability tags · from the product records

Shared product type — Both ship application and model API.

Ludbee product records

Larger scale — OpenAI: $852B valuation, against Cohere's $7B valuation.

Ludbee scale figures · valuation, market cap or revenue estimate

Sourced competitor — “We estimate Anthropic now earns 40% of enterprise LLM spend, up from 24% last year and 12% in 2023. Over the same period, OpenAI lost nearly half of its enterprise share, falling to 27% from 50% in 2023. Google also saw significant gains,…”

menlovc.com · checked 2026-08-25

Build on a hosted model API — Rivals on this job — Call hosted language models from an application, billed per token, without running the models yourself.

Ludbee needs vocabulary · the scope on the sourced edge

Aligned comparison

FieldCohereOpenAI
Valuation$7B$852B OpenAI has 122× more
Employees5004,500 OpenAI has 9.0× more
Founded20192015 4 yrs earlier
StatusPrivatePrivate match
CategoryFoundation ModelsFoundation Models match
Stack layerAPI service, Application, Infrastructure service, Model APIAI agent, Agent platform, Application, Model API
HeadquartersToronto, CanadaSan Francisco, USA

Capability overlap

Shared · 4

Agent orchestrationDocument extractionText generationWorkflow automation

Not verified for OpenAI · 5

Email assistanceModel hostingModel inferenceKnowledge retrievalVector search

Recorded for Cohere. OpenAI’s product records say nothing either way — a missing record is not a missing capability.

Not verified for Cohere · 13

Agentic codingCode generationCode reviewData analysisData securityEvaluation and observabilityImage generationPresentation generationSpeech to textSummarizationText to speechThreat detection and responseSearch answers

Recorded for OpenAI. Cohere’s product records say nothing either way — a missing record is not a missing capability.

Products, side by side

Hand-checked pairing

Cohere

Application

CompassApplication

An enterprise search and discovery system over a company's own scattered data, sold as a configured end-to-end product rather than as a raw retrieval API.

NorthApplication

Workplace assistant that runs agents over a company's internal documents and tools, deployable in the customer's own environment.

North AutomationsApplication

Workflow-orchestration layer inside Cohere North that lets employees describe a goal in plain language and turns it into a coordinated, multi-model, multi-step automation with approval checkpoints and usage tracking.

Model API

Cohere PlatformModel API

Hosted API for Cohere's generation, embedding and reranking models, billed per token.

OpenAI

Application

ChatGPTApplication

Assistant for chat, web search, file analysis and image generation, used in the browser and in desktop and mobile apps; developers can build custom in-chat apps for it via the Apps SDK, built on the Model Context Protocol.

ChatGPT AtlasApplication

OpenAI's agentic web browser. Deprecated on 9 August 2026, with its browser-based agentic capabilities moved into ChatGPT and Codex.

ChatGPT GovApplication

A version of ChatGPT that US government agencies deploy in their own Microsoft Azure commercial or Azure Government cloud, so the agency manages its own security, privacy and compliance.

ChatGPT for ExcelApplication

ChatGPT in the Excel ribbon: builds and edits spreadsheets, formulas and formatting from plain-language requests, answers questions about what is in the workbook, and asks permission before changing it. OpenAI's own page bundles this with a separate ChatGPT for Google Sheets add-in; this record covers the Excel add-in only.

ChatGPT for PowerPointApplication

ChatGPT in the PowerPoint ribbon: creates new slides, rewrites and restructures an existing deck, and turns notes, documents or spreadsheets into presentation-ready content while keeping the output editable in PowerPoint.

ChatGPT for WordApplication

ChatGPT in a Microsoft Word sidebar: drafts, revises and reorganizes the open document from notes or pasted source text, pulling in context from connected apps like Outlook, SharePoint, Google Workspace and Dropbox.

SoraApplication

OpenAI's text-to-video product. The web and app experiences were discontinued on 26 April 2026; the API will be discontinued on 24 September 2026.

Model API

OpenAI APIModel API

Hosted API for OpenAI's text, image, audio and embedding models, billed per token.

No counterpart

Cohere sells these in a stack layer with no product recorded for OpenAI yet — nothing on the other side to compare them against.

API service

ParseAPI service

Document parsing that turns enterprise documents, tables and images into structured data for search and agents to consume.

Infrastructure service

Model VaultInfrastructure service

Fully managed, network-isolated SaaS inference platform for serving Cohere's embedding, reranking and generative models in production, with auto-scaling and no rate limits.

OpenAI sells these in a stack layer with no product recorded for Cohere yet — nothing on the other side to compare them against.

AI agent

CodexAI agent

Coding agent that reads, edits and runs a codebase from the terminal, an IDE extension and the ChatGPT web app.

Agent platform

OpenAI DaybreakAgent platform

OpenAI's cybersecurity offering, bringing together frontier cyber models, Codex Security and partner workflows to find, validate and fix vulnerabilities, with an access-gated Daybreak Red tier for authorised vulnerability research and red teaming.

OpenAI FrontierAgent platform

Enterprise platform for connecting AI agents to systems of record and running them under enterprise identity, access and observability controls.